Blackstone Finance - Associate

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Business Group: Blackstone Finance

Job Title: Blackstone Finance – Associate
 

Job Responsibilities:

• Accounting for Blackstone Credit drawdown funds leveraging the fund’s general ledger (“GL”) and internal work papers.
• Oversee the review of daily bank activities, managing cash with the deal team.
• Maintain information and reconcile loan investments and debt financings in the GL system and internal work papers to loan tracking models.
• Review quarterly/annual financial statements, quarterly capital statements, LP distributions and capital call notifications, Blackstone reporting deliverables, and quarterly work papers for internal review and quarterly reporting support.
• Collaborate with the deal team, legal team, tax, treasury and operations teams on new investments and restructures.
• Review management fee calculations, rebates and offsets for accuracy and completeness.
• Prepare and review realized and unrealized waterfall calculations.
• Review the gross levered/unlevered and Net IRR calculations.
• Manage the day-to-day of the offshore COE team to ensure accurate and timely preparation of work papers and reconciliation files.
• Collaborate with third-party administrators.
• Manage upward – communicating any issues and helping come up with solutions.
• Prepare support analyses for partnership activities to external auditors for year-end audits and partnership tax returns.
• Oversee financial portion of the regulatory filings for Form PF, ADV and AIFMD.
• Perform other duties and assist with ad hoc projects and systems implementation as necessary.

Qualifications:

Education:

• Bachelor’s degree (or foreign equivalent) in Accounting, Finance, or a related field required.

Experience:

• Minimum of 2 years of experience in job offered or related occupations required.
• Minimum of 2 years of experience using Microsoft Excel to prepare detailed financial packages and accounting workpapers.
• Minimum of 2 years of experience in public accounting and/or private funds administration.
• Minimum of 1 year of experience using Investran to book journal entries related to Credit Drawdown Funds.
• Minimum of 1 year of experience using nVision, Geneva and Axiom to review fund formations and investment activities, and perform reconciliations between fund accounting and mid-office data.
• Minimum of 1 year of experience using Oracle and MDM for Investran journal entry booking and expenses tracking.
• Minimum of 1 year of experience using Sigma to perform cross-unit reconciliations as well as other ad-hoc tasks.
• Minimum of 1 year of experience working with the client’s different teams, including their deal team, middle-office team, and legal team, to obtain updates and  enhancing knowledge of private funds and investment activities.
• Minimum of 1 year of experience calculating management fees and performance fees for different fund structures.
• Minimum of 1 year of experience coordinating with different internal teams for cross-unit collaborations to deliver great results for the client.
• Experience can be concurrent.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$110,000 - $150,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.